BlockGen Corp., founded by Douver Torres Braga, operated from approximately 2017 to 2019. The company's business model was to raise funds from investors by promising to use the capital for cryptocurrency mining activities, primarily Bitcoin, leveraging supposed access to low-cost electricity. However, the U.S. Securities and Exchange Commission (SEC) found that the company was a fraudulent scheme, with a significant portion of investor funds being misappropriated for personal use by its founder rather than being invested in the advertised mining operations.

Founded in

United States